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since 2007. under jeff bezos shocked wall street by stepping in to buy the washington post. the newpaper stock rallied $24 yesterday to nearly $600. most of the stock's value comes from the washington post also owning the college prep company kaplan. warren buffett is the largest shareholder in the paper with 1.7 million shares. he's made more than a 9,000% gain with his investment. jeff bezos is paying $250 million to buy the post. his acquisition is viewed as a positive by our morningstar analyst... "he probably has some ideas to accelerate the post's transition to the digital media. i think he's been quoted as saying newpapers in general should be more aggressive at utlilizing mobile devices such as tablets. he probably will push the post toward that end, and that is what we expect him to do." the graham family has owned the washingtion post for 80 years. carl icahn is raising his stake in dell. the sec says the billionaire investor now owns close to 9% of the pc company. icahn reportedly bought an additional 4 million shares last week after suing dell over delaying its shareholder me
for the rest of the season, what happens after that we'll just have to wait and see. >> washington ktvu channel 2 news. >>> last year johnny manziel is accusing of accepting thousands of dollars for signing. . the school is investigating and the coach says they'll take a wait attitude before commenting. >>> tomorrow marks the debut of an art racing team in the chal languager races. almost three months after the accident that killed andrew bart simpson. the winner o f the semi finals series going onto face the new zealand team. >>> former 50 cents was in the courtroom today in los angeles. the charges come from an incident of his ex girlfriend and mother of his child reported that he had kicked her during an argument. he's due back in court september 4th. >>> the washington post newspaper is being sold. the paper reports will pay $250 million for the publication. the post is famous on reporting o f the -- the sale is expected to be complete in about 60 days. >>> apple share of the tablets computer market have fallen by half in the past year. apple has 32% of the second quarter market
obama is back in washington dc tonight following a 2 day southern california visit. >> as part of a package, you could see fannie and freddie reform that protects taxpayers puts home owners on a more stable footing. >> before returning to washington, president obama visited with marines and families at camp pend will continue. >>> the white house is canceling plans to meet with putin in moscow next month. according to a white house official, president obama still plans to meet at an economic summit. >>> usher is >>> contractor was able to free the boy and was giving the child cp rwhen the paramedics arrived. step son last night died following a boating accident. >>> authorities are issuing an alert tonight for a exam the caller claims to be from the clearing house telling you you've won a prize. he asked her for more money and that's when she called ktv uchannel 2 news. we were there when he called back today. >> why are you try to go exam her for more. >> i'm not try to go exam her. clearing house says they never call, they never ask for money, but you are doing that. >> the c
the next five days. >>> today, presidents past and present gathered in washington, d.c. to mark the 50th anniversary of the march on washington. it was on this day in 1963, dr. martin luther king shared his dream of the american future. >> when all of god's children, black men, and white men, jews and gentiles, protestants and catholics will be able to join hands. >> more than 2,000 people heard the historic address as they crowded together on the national mall in the sweltering august heat. today's events were rich in historic symbolism, as kraig bosswell reports. >> reporter: bells range out at the let freedom ring commemoration at the exact hour dr. martin luther king jr. delivered his now famous vision. the unforgettable voice paved the way for this moment. president obama, the nation's first black president, spending exactly where dr. king stood, reflecting on the progress and the work that remains. >> no one can match king's brilliance, but the same flame that let the heart of all who were willing to take the first step for justice, i know that flame remains. >> jim crow had a son
, in fact, employ others. the urban institute, a washington think tank on economic and social policy, says the number of people looking for work is at its lowest in 34 years. "employers are still hesitant to hire. when you have the economy performing at a sub-par pace, that's affecting hiring decisions." researchers say older workers aren't necessarily giving up in greater numbers: it's the decline in labor force entry rates - younger workers putting off getting started. "it's very difficult even for graduates of stanford and mit. a lot of my friends are pursuing entrepreneurship because they have given up finding a job even if it doesn't suit them perfectly." so with a new crop of entrepreneurs coming up, the hope is they'll create new jobs to go with their new companies. "i think there's an element of that going on, and it's going to be great, because instead of working for g.e., that young person will create 8 jobs or 10 jobs when that person starts a new company." chicago, a city trying to boost its tech image, welcomed 100 promising college students in technology to hear start-up succ
since the civil rights movement's march on washington economic equality is still elusive by many measures since martin luther king spoke of "the dream." our cover story looks at milestones made but with many more yet ahead. "because they marched, city councils changed, congress changed and even the white house changed." fifty-years after martin luther king evoked the dream...this image brought it rushing back. "it's hard to believe. i wish my grandfather had been alive to see it." but decades after the march on washington for jobs and freedom, the event's full name, and the 1965 voting rights act when 42% of blacks lived in poverty, economic equality has been elusive, even by the most recent measures. black unemployment is 12.6%, for whites--6.6%. since 2009, black income has dropped 10.9%. white income has dropped 3.6%. the gap in household income hasn't changed in 50-years. and it's become harder for black entrepreneurs to get started. "access to capital is a huge reason but so is education." the nation's 44 and a half million blacks comprise 14.2% of the population but 8.9% o
will get more attention. in washington craig fox news. >>> after starting lower, the dow rose 30 points. nasdaq tackled on 15 . >>> last month the federal judge found that apple colluded with five major publishers to drive up the price of ebook. apple call the move -- and plans to appeal the case. >>> yahoo made another acquisition as it works to other devices. for a reported of $60 to 70 million. started the facebook's page webs allowed later to be adapted for smart phone and tablets. >>> ellen is hosting the oss show. hosted by seth, the 8 6 an yawl cad annual award airs in march. >>> the fda says it is still working to determine if the same salad is responsible for diarrhea infection for 4 people have become ill. >>> the fda have decided huch glue ten can contain and still be called gluten free. it must contain fewer than 20 parts of gluten. until now there is no regulations of gluten free product. a gluten intol rens which damages the lining of the intestines. >>> as we told you on wednesday, the red cross turned away mayor campbell from donating because he's openly gay. >>> happeni
from the san diego area has now been extended to washington and oregon. investigators say she was kidnapped by a man suspected of killing her mother, and possibly her brother as well. james dimaggio, and hanna anderson may be headed to canada. a friend of dimaggio's says he was obsessed with her. >> hanna will come back. and ethan, and tina, i love you both. >> the body were found in the ashes of the house, along with the male child. he has not been identified, but it could be the body of 8-year- old ethan. >>> new video from oakland, where a large tree fell on top of a car. the tree came down about 6:45 tonight, on bancroft avenue near 55th. >> i wanted to cry. i don'thave money to pay for this. >> the owner told us, she had just gotten her car back from the shop. >>> $1 million. that's now the average price of a home in santa clara county. maureen naylor live with what's behind the leap over last year's average. >> gasia, this campbell home is one example of how fast prices have gone up. now 5 months later, it's in escrow, with a list price of $1,080,000. the house sold for
. marijuana becoming legal. just this past november voters in colorado and washington legalized recreational marijuana use. and in some states, marijuana possession is simply a misdemeanor with a fine. >> we can't treat low level drug offenders one way by the states, whether it's diversion, whether it's treatment in lieu of conviction and then the federal government would treat them another way. >> reporter: some say with the problem of prison overcrowding there should be more restrictions. >> i think there's the sense throughout the state that incarceration is not the answer. >> reporter: i did put a call in to the attorney general in washington, d.c., but with the time difference, i have not receive add call back. jana katsuyama, ktvu news. >>> possession of the drug for personal use is a misdemeanor. cultivation of marijuana, possession for sale and sale of marijuana are felonies with one exception, people with written approval from a physician and a county issued marijuana card can legally possess and cultivate marijuana. >>> crews were pouring a concrete foundation for four steel seismi
. what a great opportunity to get back into a tie for 1st place. ron washington, wracking up more wins than any other previous ranger manager. not tonight. brewers getting it. scooter, two home runs, that one takes the 1-1 tie. the rangers, leading the a's to the west by a game. i guess you can say when under achievers collide. pretty much the story line back in washington, d.c. tonight. nationals and giants, a couple teams expected to contend for the post season. in fact, both doing a major claim. tensions begin to show. in the dug out. gonzalez, worth, have words, gonzalez thought worth was not hustling enough. 1-0 after a long rain delay. gets the run for the grounder right under. they tie it 1-1. did not last long. even up. man on, adam likes what he sees. 2-run jacks it for the nats. 4-2 finals. giants leave 12 men stranded. you have seen that before. 49ers are ready for their trip to kansas city and a reunite with >>> aj might be on his way out which mind underscore the continuing story of the receiving core and who can off set the injury to crabtree. davis would like to remind e
-off." in washington d.c., a combined american-us airways would control 69% of the limited take-off and landing slots, there. and along with a string of recent mergers that has reduced the overall number of airlines, a combined american- us airways would leave four airlines with 80% of the u-s commercial air travel market. but not everyone fears fewer choices "this is a brutally competitive business, they will continue to fight on price just as they do today." airline stocks fell on the justice department's action. american's parent company, amr, lost 45%, us airways--13% followed by losses at united- continental, delta, southwest and jetblue. the justice department did not specify concessions that the airlines might make. however, the deal is no longer expected to close in the third quarter. asiana airlines is offering $10 thousand dollars to survivors of a crash landing last month. the crash killed three people and injured hundreds after failing to land properly on a san francisco runway. undisclosed payouts have been given to family members of those who were killed. an asiana spokesperson says t
, washington redskins, new york giants and houston texans. still ahead--- to much too soon? -- why one trader believes cisco's sell off was overdone last night... chart talk is next cisco systems had a very busy night last night off of earnings. joining us now is trader matt cavanaugh of cmz trading. and i suspect this will leak into trading today. what do you see in the charts on this stock? > >this is a stock that's had a really nice run--up 25 percent over the last 3 months and up 50 percent over the last year so i see the stock at a critical level---it's at a support level and i'm cautiously optimistic here. i bought a little bit of the stock sub 24 and it should be interesting to see that whether people think this is overdone here or are people starting to get a little bit nervous about holding in this market. > >so there's a possibility for a rebound for the stock. it wasn't a horrible report--cisco actually beaten by a penny---but i think it was the ceo comments about the economy that distressed people. > >absolutely, whenever you see a tech company that arguably may be the number 1 co
documents. george washington university national security archive recently received a cia history of the plane with mentions of area 51. previous versions of the history have taken it to nevada where the government is throughout to test weapon and intelligence tools. researchers say it suggests the cia is less secutive about the existence of area 51. >>> from new guards to new locks. security changes made at bay area campuses as students go back to cool. >>> but up first, a reputation for prostitution. now this mottle is about to be torn down. the community is calling it >>> the city of oakland is declaring a small victory tonight in a fight against prostitution. a hotel in east hook land has been sold under court order. ktvu amber lee is live in oakland to tell us what will go up in its place, amber? >>> julie, the city attorney is leading the effort. tonight we spoke with community members who are handing out the flyers to offer help to women and children who have been lured in the human sex trafficking. >>> desperate for love they fall for any type of jive people have to sell t
. >>> the lincoln memorial in washington, d.c. is shining once again three weeks after it was vandalized. someone threw green paint on to the marble at the memorial back on july 26. most of it was removed that same day but traces of paint remain. a treatment applied to the statute overnight removed the remaining paint. officials have charged a chinese citizen with an expired visa for the vandalism at the cathedral. >>> and work on the martin luther king is being completed. the new inscription should be ready later this month in time for the 50th anniversary of the march on washington and that famous i have a dream speech. >>> an interesting day today. pretty nice a lot like yesterday. fog along the coast right now. as we head into the bay area weekend tomorrow about the same as today slightly cooler. that means temperatures back into the low 90s in the inland bay valleys. currently 69 in fairfield, 67 in livermore. fog is at the coast. one other thing comes into the works. the computer models, tomorrow morning they start coming up from the south. that's sort of the precursor for tropical moistur
to be fresher and more accurate. >> washington state based in was now providing the data. >> crowd sources technology to deliver traffic information. we get that from cars, fleet vehicles like u p s and from mobile phones. >> it's predicted the most on thursday and friday afternoon. >> it's going to be tough on thegolden gate bridge tough like monday morning commute. >> heavy traffic is also expected in county between 11:00 a.m. and 6:00 p.m. saturday. many drivers say they will try to avoid as much as possible. >> 45 days it's shut down i will either be going 92 and go over that bridge which i imagine will be about three times as busy as normal. >> if you don't already have one you may want to get fast track. it should make it easier to get around over labor day weekend. live in k t v u. >> a bay bridge closure survival guide on our home page. >>> now county where police say two men are in custody linked to at least four armed robberies. investigators arrested richard french this morning held up a pet food express and u p s store within 15 minutes and two more businesses in the clayton va
laws legalizing recreational use of marijuana in colorado and washington will not face a challenge. >>> aimed at turning gay teens straight was upheld today in federal court. the law banning converse therapy was supposed to take effect, but a group of therapistings appealed. the circuit found the law does not violate the free speech rights of downs r counselors or patients. >> >> fast food worker joined a movement to demand higher wages: on the message the workers hope to deliver. >> at fast food stores including this kfc protesters demanded higher pay. $8 an hour. she weren'ts san francisco's minimum wait a minute. >> i shouldn't have to cross bridges to make $10.55 an hour. >> on his bike looking for a job. >> my dad is out of work. my brother is out of work. it is not easy. >> at the one stop employment office, entry level minimum wage fast food just one wrong on the job ladder. >> they work really hard. and so they probably do deserve more than the 8. >> east bay works says they help land one of the now more available better-paying jobs. >> you can finds a job that pays $10 o
accurate. >> reporter: washington state based inrex is now providing the data. >> we used crowd sources technology to deliver traffic information. we get that information from cars, fleet vehicles like ups drivers and taxi cabs and from mobile phones. >> reporter: inrix is predicting the most congestion on thursday and friday afternoon. >> it's going to be tough like monday morning commute. >> reporter: heavy traffic is also expected in marin county between 11:00 a.m. and 6:00 p.m. saturday. many drivers say they will try to avoid the congestion as much as possible. >> for the five days it shut down since i will either be going 92 and go over that bridge which i imagine will be about yeah probably three times as busy as normal. >> reporter: ntc adds if you don't already have one getting ntrax should be easy to help you get around over labor day weekend. cara liu, ktvu news. >>> pedestrians and bicyclists can also use the bay bridge when it opens. for the time being it will only go part way on the span. it is expected at least a year for that bike path to go from oakland to yerba buena.
this week. we have "two guns," with denzel washington and mark walberg. the pairing of them is going to draw a crowd. you will probably see that be number one this weekend. and also you have "the smurfs 2." the first "smurfs" movie did over $560 million worldwide, so i think this film has a shot breaking the $100 million barrier. and you also have, next week, "elysium," with matt damon, a science-fiction film from the director of "district 9," which i think is going to be a lock for $100 million. - and what about those underdogs? what would be the underperformers? - we have disney's "planes," which is going to challenge "the smurfs 2," so that could affect "the smurfs 2"'s grosses. this is basically sort of in the realm of "cars." it was supposed to be a straight-to- video movie, but an interesting stat is that no animated film has actually broken the $100 million barrier with an opening in august. so i think it's not quite going to get there. the film to really look out for i think this month is called "we're the millers." it's a comedy with jason sudeikis and jennifer anniston. i think thi
is buying the washington postfor $251 million. it's not buying it through amazon he's buying it as an individual. the news came as a surprise to newspaper employees. the post has been run by the graham family for generations but revenue is declining and the post is hoping that a new owner like besos can fire it up. >>> the white house blog says that questions can be submitted on twitter, you tube, instagram and vine with the hash tag asking obama housing. you can also find links at zilo. the event will begin at 10:00 pacific time. >>> spare the cows by turning to stem cells? the results of the first taste test of the test tube burger. >> i'll lay down the break down of when temperatures will start trending higher again. at farmers we make you smarter about insurance, because what you dont know can hurt you. what if you didn't know that it's smart to replace washing-machine hoses every five years? what if you didn't know that you might need extra coverage for more expensive items? and what if you didn't know that teen drivers are four times more likely to get into an accident?
. the washington post is being sold to jeff bezos, founder of, for $250 million. the deal includes all of the post's newspaper and media assets except slate and foreign policy. american eagle nose dived 16% after the teen clothing retailer cuts its second-quarter outlook in half. abercrombie & fitch also fell. better times in july from 16 non-manufacturing industries in the u.s. - everything from arts and entertainment to retail, transportation and warehousing. glen schultz of performance trust joins us to help sort it all out. hi there, glen. - hi, how are you? - i'm doing all right, and i'd like to know, the rate for the non-manufacturing sector seems to be accelerating. how is this happening if job growth was just 162,000? - one of the things that we saw at the beginning of this year was employers beginning to back off in terms of hiring. so, we saw that first-quarter slump in gdp. that's happened to us year-over-year now for, i think, the past three years or so. so employers polled back a little bit on that. the ism indexes, manufacturing indexes, they've shown a rebound. they were
in washington about this topic. - topic number two: doing the mcmath on those mcsalaries - word has it that if you double worker wages at mcdonald's, the price of a big mac will rise. what does this mean for the stock? - this is interesting. i read a couple different studies, and some people have said if they double the wages, it wouldn't affect the stock price at all. i don't understand how that's possible at all. if you just do the logistics of the business, if you're increasing the cost, unless you're decreasing the quality of the big mac, it's going to make the cost go higher- - the price of the big mac would go up 68¢- - that's a lot! - it's not catastrophic. - catastrophic? how many big macs do they produce in a year? - this stock... i'm lovin' it! i'm lovin' it here at $98- - i'm actually long in march for this. - $96 is a huge break-out point for march, and it's holding above that, so i'm leaning on that $96 level. look for mcdonald's to make a 25% move- - it's going lower. - 25%. i'm lovin' it. - topic number three: the skinny on lululemon: apparently the retailer is not m
students as well as alumni. washington already has the nation's highest state minimum wage - 9.19 an hour. in seattle they want to push it to 15- dollars an hour. you remember the demonstrations across the country over this a couple of weeks ago. low wage workers are pressing for a nationwide strike on august 29th. seattle's city council and candidates running for mayor are saying they're thinking about doing this. some businesses say it'll put 'em "out" of business. others say putting more money into more hands is just what the economy needs. still to come: corporate criticism....why a facebook exec is under fire for hiring an unpaid intern? that's later... first, is american losing its edge in how our schools teach entrepreneurship? i'll talk with a senior lecturer who teaches at m-i-t. first business continues after this. america. land of the entrepreneur. but - is america losing its entrepreneurial edge in how it is being taught? the book, "disciplined entrepreneurship" is just coming out. it was written by bill aulet - senior lecturer at the mit sloan school of management and the man
in washington dc 50 years ago. >> he says martin luther king's message is just as important now as it was then. >> this remembering that the battle and the fight still continues. say it with me. i have a dream. >> in san jose they marched from the county building and in progress must continue. >> a significant number of black people without jobs and civil rights is being violated and i look at trayvon martin and we need to move forward. >> the quality injustice that extends further than it did in 1963 but not far enough. they held this rally on the steps of san francisco's city hall. >> you don't have to be an icon, you have to do your part. >> jacob smith says he will certainly will. >> this is my effort and it should be a dedication to every citizen of america to make sure that doctor king's vision comes to reality. >> festivities will continue this week with the event on the actual anniversary on wednesday right here at city hall. in san francisco, anne, ktvu channel 2 news. >> that's 200, 000 people came to the nation's capital to commemorate of the 50th anniversary of that march and spee
on the ground." this, after secretary of state john kerry said washington is certain that the syrian government used chemical weapons against civilians in a damascas suburb, last week. "chemical weapons were used in syria." the situation has led oil prices to spike. "it's because all the producers and users of oil have a stake in what happens in syria." ┬Ątriple-a says the rally in the futures market may be a threat to prices at the pump over the labor day holiday. it's renewed the call for alternative energy sources. "any time there's a hiccup in the middle east, oil prices go up because of uncertainty." and as oil topped 109-dollars a barrel, its highest point in 18- months, transportation stocks such as fedex, ups and a dozen other air freight companies closed "down." "when jet fuel spikes, it causes problems because companies can't tell what their overall fuel cost is going to be. and that's why you see weakness in those stocks." unrest in the region is having repercussions elsewhere. scandanavian tour operators say they've cancelled 60-thousand trips to egypt through next spring due to
the state department in washington. officials there have announced a plan to shut down all u.s. embassies and consulates due to an unspecified threat. they're taking the action out of an abundance of caution but did not say how long they would remain closed. egypt, iraq, and afghanistan are the focus. sunday is a workday in those countries, but embassies in europe and latin america would be closed that day anyway. >>> an alameda judge accused of stealing $1.6 million from an elderly neighbor pleaded no contest today. paul seemen was arrested in june of hast year after a two-year investigation. today he entered the no plea contest to charges of elder abuse and perjury. instead of a prison sentence he gets five years probation. he is also barred from practicing law in california and is paid about $300,000 in restitution. his sentencing is set for october 22nd. >>> the city of richmond will file a haw suit against chevron related to hast year's refinery fire. the fire did great harm to the community and chevron needs to be held accountable. it was august 5th when fire sparked from a ruptured
. >>> in washington, the tough decision now is whether the u.s. should cut off military aid to egypt. arizona senator john mccain voted to maintain aid but has since changed his mind after visiting cairo. >> to sit by and watch this happen, is a violation of everything that we stood for and when we threatened something as we did that we would cut off aid, that the administration did and then not do it then you lose your credibility and your influence. >> in the wake of violence last week, president obama suspended joint military assistance with cairo but has stopped short of cutting off the $1.5 million in aid. >>> egyptian americans and their supporters rallied at the united nations plaza. >> will always be in our hearts. >> reporter: protesters raised our hands in the name of rama where hundreds died. the organizers said the rally was mostly about protecting human rights in the wake of the violence. >> this is very exciting. this is beyond political affiliations. this is more about respects human rights and respecting morals. watching what's happening we had to come here and voice our concerns. >>
Search Results 0 to 25 of about 26